Connected and Autonomous Vehicle industry worth £28bn to the UK by 2035
The key findings of a study published by the Transport Systems Catapult (TSC) and CCAV at this year’s Cenex LCV, estimates the market for Connected and Autonomous Vehicles (CAVs) in the UK at £28bn in 2035, capturing 3% of the £907bn global market.
The research, led by Element Energy with support from Cambridge Econometrics, estimated the size of the global CAV market and considered the UK’s ability to capture supply chains for CAVs and their associated technologies, under different CAV-uptake scenarios.
The report estimates that:
You can download and read the full report here